energy
Automaker Stellantis invests in lithium conveyor Vulcan

lithium

An employee holds a glass bowl with lithium chloride in her hands in a laboratory at Vulcan Energie. Photo: Uwe Anspach/dpa/Symbolbild

© dpa-infocom GmbH

The Dutch carmaker Stellantis is investing EUR 50 million in the Karlsruhe lithium promoter Vulcan Energie Resources, making it the second-largest shareholder. The planned production expansion in the Upper Rhine Graben should be promoted with the financing, Vulcan Energie announced on Thursday evening. The investment is “an important statement by one of the world’s largest automobile manufacturers for the transformation towards sustainable and strategic procurement of battery materials,” said Managing Director Horst Kreuter. Stellantis includes brands such as Peugeot, Opel, Citroën and Fiat.

The Dutch carmaker Stellantis is increasing the Karlsruhe lithium promoter with 50 million euros volcano Energy resources and thus becomes the second largest shareholder. The planned production expansion in the Upper Rhine Graben should be promoted with the financing, Vulcan Energie announced on Thursday evening. The investment is “an important statement by one of the world’s largest automobile manufacturers for the transformation towards sustainable and strategic procurement of battery materials,” said Managing Director Horst Kreuter. Stellantis includes brands such as Peugeot, Opel, Citroën and Fiat.

Vulcan produces geothermal energy in the Upper Rhine Graben and plans to produce lithium hydroxide without fossil fuels and carbon neutral. The lithium is dissolved from the thermal water using chemical processes. The metal is sought after as a key element in lithium-ion batteries. There are also larger deposits in South America and Australia, where lithium is mined, among other things. Extraction in Germany is just beginning.

The Vulcan Energy Resources GmbH in Karlsruhe was founded in 2020 and is the German branch of the Australian Vulcan Group. In 2021, a pilot plant went into operation in Landau in the Palatinate.

“This strategic investment in a leading lithium company will help us create a resilient, sustainable value chain for our European electric vehicle battery production,” said Stellantis CEO Carlos Tavares. “Together we fight against global warming and offer our customers clean, safe and affordable mobility.”

The companies extended their purchase agreement concluded last year by five years to 2035. Vulcan wants to supply Stellantis with between 81,000 and 99,000 tons of lithium hydroxide over ten years.

dpa